March 13, 2006

Solar Power: On the Cusp of Dawn?

Solar energy is showing increasing promise every day. Cnet has a nice round up of several interesting developments in photovoltaics and alternative solar technology space that are gathering momentum. VC funding in Solar power has doubled since 2000 and companies have started going public. Rising oil prices and growing energy demand is perhaps responsible for the renewed pace of development.

This is a very exciting space to watch as I wrote earlier while profiling Bill Gross' invention of sunflower solar concentrator both, because of massive venture creation it promises in the coming years and the environmental benefit it entails. Think of it the way the internet was in the late 80s - the technology had been around for some time but the killer application- world wide web, that triggered mass adoption and led to enormous wealth creation- was yet to be conceived.

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